Sunday, November 29, 2009

Get Ready for Half a Recovery

Small businesses are still finding it difficult to get credit and the jobless rate will continue to be high for at least a year. Read this report.

6 comments:

Anonymous said...

The report is on US. Not applicable to Singapore.


Rgds

Tan Kin Lian said...

My friend, who runs a small business, told me that he finds it difficult to get bank credit in Singapore. I think that the problem is world wide.

Anonymous said...

"The report is on US. Not applicable to Singapore".

The assumption of such statement is decouple theory !

Anonymous said...

I thought interest rates are very low is because banks are flushed with deposits and there are not many borrowers.

Anonymous said...

tkl, your friend must be char kway teow guy..no loan from the bank does not mean no recovery...bcuase your friend is just a number...no business, then close down..talk so much if not happy, then work or if not, then borrow money from u afterall u are so good to give advice to pple so do it, dot talk only.

Anonymous said...

Decoupling! Yes!.. in this respect, we are not connected... not to US sub-prime, not to Dubai... but our exports markets,( we are told ) are the US and now the Middle East!

Interest rates for deposits = 0.25%
Interest rates for loans = 6.50%

The spread is wider than products in Geylang.

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